Which of the Following Is Considered to Be a Transaction

question 88

Multiple Choice

Which of the following is considered to be a transaction control?

• A)Controls to monitor other controls.
• B)Policies that address significant business control practices.
• C)Centralized processing controls.
• D)Physical controls to safeguard assets.

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Definitions:

Investment Center

A business unit within a company that is responsible for generating its own revenue and profits, and it is evaluated based on its return on investment.

Activity-Based Costing

A costing methodology that assigns costs to products or services based on the activities required to produce them, aiming to more accurately reflect the consumption of resources.